MM for Expert Advisor - Percent by Account Balance

First and most popular type of money management for expert advisor is lot size calculation proceeding of account balance.

Lot Size = percent by account balance

Example 1
Percent =10%
Account balance = 10 000
Lot size = 1000 (1 standard lot)
Your expert advisor win 2000 and account balance became 1200 next lot size will be:
Lot Size = 1200 (1.2 standard lots)
etc.

This money management system useful for traders preferring high profit/risk ratio. During favourable market conditions may be prompt profit increasing and vice versa.

MM for Expert Advisor -InvestMM

(BJF Trading Group innovation, 2011 © iticsoftware.com)

Second types of money management for expert advisors most useful for traders preferring low risk. Similar type of money management uses by banks for some types of mutual funds portfolios. The basic principle for this money management  - trade with the highest risk at the beginning and risk reduction by the end of the period of investment.

Example 2

Investment period 1 year
InvestPeriod.Start = D'2011.01.01 0:00';
InvestPeriod.End = D'2012.01.01 0:00';
Initia lPercent  15 %
Final Percent = 3%
Initial deposit 10 000

Expert advisor will open first trade with lot  = 1500 (1.5 standard lots)  and then percentage will gradually decrease and by the end of the investment period percent will be 3% 

External Parameters:
extern bool     UseInvestMM = false;
extern datetime InvestPeriod.Start = D'2011.01.01 0:00';
extern datetime InvestPeriod.End = D'2012.01.01 0:00';
extern double   InitialPercent = 30.0;
extern double   FinalPercent = 10.0;
extern bool     FixBalance = true;
extern double   FixedBalance = 10000.0;

MM for Expert Advisor - Winning Series MM

 (BJF Trading Group innovation, 2011 © iticsoftware.com)

The basic principle for this money management  - expert advisor will reduce lot size after a series of (a few in a row) of profitable trades.  Lot size will decrease until expert advisor will open a losing order. After losing order, the lot size will be the initial again.  Such an approach, with  the correct parameters , will let open a non profit  order with a minimum lot size.

Example 3

Initial deposit 10 000
Success Deals Number 3
Lot percent  60%

1st order lot size = 1
2d order lot size = 1
3d order lot size = 1
4th order lot size =  0.6
5th order lot size =  0.36 (losing order)
6th order lot size =  1
etc.

External Parameters:
extern int     SuccessDealsNumber=2;
extern double  LotPercent = 50;

We can add any type of money management for your expert advisor (source code, mq4 file is required)
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